New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 11 - RESTRICTIONS OF LEEWAY INVESTMENTS
Section 3:11-11.12 - Existing investments
Universal Citation: NJ Admin Code 3:11-11.12
Current through Register Vol. 56, No. 18, September 16, 2024
A bank whose existing leeway investments would not conform to the requirements of this subchapter shall not be prohibited solely for that reason from maintaining such investments and making investments to which it was legally committed to prior to July 7, 1986. However, no new leeway investments may be entered into after July 7, 1986 other than in compliance with this subchapter.
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